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obama. i really liked mitt romney. why do i have to pay less taxes than my friend from massachusetts? that really bugged me. host: that is stephen from connecticut. tyrone is a republican from the bronx. caller: i think hillary clinton would be an excellent candidate in 2016. i think she handled the middle eastern issue to the best of her ability. also, as far as the gop is concerned, i think she has made strides toward eliminating the tax spending through various commitments with private entities and organizations that are coming out of the woodwork. i was watching earlier today and what they were requesting from the white house was let's fix this problem by incorporating a small businesses and less government intervention to curb the deficit. it has been astronomical. then i heard barack obama say the way we are going to do it is by making more cuts in various ways. he was saying by making more cuts and the only people it is going to hurt is the working class and somewhat of the middle-class. he should mention the fact that out of control spending has a lot to do with the credit ca
that taxes and middle-class americans that violates the fundamental preliminary that the president has -- in order to preserve low tax rates for wealthy americans, to ask the middle class to pay the price is not going to happen. it's not just the policy. >> only taxes on those families making $250,000. >> every proposal that has been seen and analyzed imagine you can achieve the necessary amount of revenue by closing deductions or closing loopholes, does that in one of two ways. one, raising taxes on the middle class by eliminating very family-friendly deductions like the mortgage deduction, health care deduction and others or by taking draconian action on the charitable deductions and others that aren't good policy or aren't realistic. it would be hard to explain, i don't think members would want to explain to nonprofit hospitals, major charities, universities and others that all that -- all those contributions that they received in the past will not be forth coming because of an action of congress, i don't think that is realistic. >> one last question, if the amount of revenue were t
corporate and individual taxes. the third piece is small businesses. we work out how develop a tax code that is good for competitiveness. you need to think about how those play into it. i think one of the things to keep hearing through messages with different groups of people is, while everybody is aware that the solution is going to take sacrifices from all sides, on spending, on revenues -- the confidence you get for putting the deal in place to actually has tremendous economic benefits. the cheapest form of stimulus is confidence. if we can put that in place, and people believe something is going to stick, it becomes easier to do your part in all of this. if the moving pieces and revenue are there, do not underestimate the benefit of what the future holds. >> this ties into michael's point. the productivity, the amount of money they get spent maintaining and administering the complex tax code is unbelievable. i would rather be spending that money. let us get on with building a business. society should do it. people should take that as a given. i know the rest of us have it. we would
class tax cut. the president would probably have me sprint up to the hill to bring the bill down for him to sign. it can be done like that. it is not complicated. >> greg: speaker bane -- >> reporter: speaker john boehner not so optimistic. >> this is not a progress report, there is no progression to report. report. >> reporter: he blasted for not offering a counterproposal to his plan and they seemed more than ever going to stop the tax increase. economy shrugged off hurricane sandy to create 146,000 new jobs, nearly double what forecasters had said, job creation for september and october was revised downward by a total of 49,000. another 350,000 people were so discouraged in november they simply stopped looking for work and left the labor force, which is why the unemployment rate dipped to 7.7%. >> raising taxes on small businesses is not going to help our economy and it's not going to help those seeking work. i came out the day after the election to put revenues on the table. take a step toward the president to try to resolve this. when he is going to take a step toward us? >> analyst
that by increasing taxes on families, halting employment growth, driving unemployment up instead of down, triggering a deep cuts to programs that families across the country count on. the job before the united states congress is to reach an agreement that builds on the economic progress that we are making, and puts us on a path to fiscal stability. we need to cut more spending, and generate more revenue. we need to do it in a smart way that keeps our economy growing. earlier this year, congress extended the payroll tax cut through 2012. the two percentage point payroll tax cut has played an important role to sustain the recovery. boosting economic growth by an estimated 0.5% of one percentage point, and creating 400,000 jobs. we should continue the payroll tax cut through 2013, and yesterday i introduce legislation that would keep the employee payroll tax at 4.2% next year. to keep the economy growing -- there is good evidence of that in the last couple of months? job growth of about 511,000. to keep that momentum going, we should provide tax credits to small businesses. my legislation includes such
my lips. no new taxes. >> read my lips, no new taxes. george h.w. bush hammered that mantra to win the white house in 1988. but just two years later, the reagan deficits were skyrocketing and president bush was forced to change his most famous line. >> long and bitter battle over the budget officially ended last night. president bush put his signature on the deficit reduction package, including $140 billion in tax increases. >> tax increases. that was a turning point for the modern republican party. the right wing went crazy. and george bush lost re-election. since then the party's been committed to never compromising on the tax issue, no matter the deficit. no congressional republican has voted for an increase in taxes since 1990. think about it. for nearly a quarter of a century, no new income taxes. in the current congress, 236 house republicans vowed never to raise taxes. 40 gop senators also kept that pledge. even president george w. bush, the man who got us into two wars we didn't pay for. the president who exploded our deficit. he insisted the solution to our problems were m
of revenue from taxes on the rich, right? >> yes. >> the republicans said okay, we'll give you that certain amount of ref knew, and do it on the rich, but the way we'll do it on the rich is deductions and closing loopholes that impact only the rich. >> right. >> to the president gets the same amount of money, he gets it from the same people, but rather than raising taxes, the republicans say we're going to do it this way, and he says no. why does he say no to that? it's the same money from the same people giving it up. >> yeah. i think he's saying no because he likes the deal that he has in place. >> it's the same amount of money. >> no, no. >> the same people. i mean, it's the same revenue and it's from the same people. >> the reason i think he's saying no, and i think he will say no to just about anything the republicans put forward is because the fall back position is better for him than any deal that the republicans are going to put forward. the fallback position is a tax increase on everybody and back to where prebush tax cuts, and he can then have his big increases in taxes and then a
sacred anti-tax pledge. 44 and counting. and the american people are rejecting the entire movement. the group's disapproval rating has jumped 24 point since 2010. so the tea party's monster looks like its on its last leg. all i can say is, good rid dance. joining me now is former governor of pennsylvania, ed rendell, and now an msnbc political analyst. and joan walsh, an msnbc political analyst. thank you both for your time tonight. >> thanks, rev. >> my pleasure. >> joan, let me start with you. senator demint is out. how huge is that? >> i think it's huge, are reverend al. i really do. he said health care would be the president's waterloo while the president is getting ready to be inaugurated for a second time and jim demint is packing up his senate office. he could be serving in a majority if he hadn't backed such crackpot losers. they really would have taken it back if it wasn't for christine o'donnell and others. like dick armey, he did leave his post, reverend al, but he got an $8 million payday. they always get more pay but it's great to see somebody like that actually having
lowered my voice there? today the president took his tax pitch to the factory in the nilly suburbs and made clear the rich must pay their fair share meaning they must go up to the top 2%. a tax cult for 98%. the rest of the people, let's listen to them. >> it's not acceptable to me and i don't think it's acceptable to you for a handful of republicans and congressman to hold tax cuts hostage simply because they don't want tax rates on folks to go up. right? that doesn't make sense? the senate has already pass add bill to keep the taxes from going up on the middle-class families. that's already passed the senate. you remember congress, they're ready to go, they're ready to vote on that same thing. and if we can just get a few house republicans on board, we can pass the bill in the house, its wi it will land on my desk, and i am ready. i've got a bunch of pens ready to sign this bill. >> and 30 minutes after the president was finished, john boehner held a press conference. he gave a pessimistic assessment of the negotiations. let's listen to mr. boehner. >> let's not kid ourselves. bu
the bush tax cuts for the middle class. the latest from stephanie cutter includes a two-minute video reminding voters that the president campaign and won on that same platform. >> obama: we need to give tax relief to working families trying to raise their kids to keep them healthy send them to college, keep a roof over their heads. that's the choice in this election. >> the administration is still asking you to send in stories about what being able to keep about $2,000 more a year means to you and your family. the president is planning to meet with state governors this week and the business roundtable, a big business lobbying group. this morning fiscal cliff negotiations appear to be at a stand still. treasury secretary tim geithner says the president's offer is unwavering. we're going to let tax rates go up for top earners and republicans will have to work with that reality. >> there is no responsible way we can govern this country with those low rates in place for future generations. those rates are going to ha
. he will say they forced me to extend the tax cuts and now they are coming to me. and boehner offers $800 billion and they brush it aside to say we need $1.6 trillion and we need the rates to go up. go back and do your paper again, mr. boehner. i think again you are getting arrogance and huborous on the part of the president, who has a hand in this, and i think if he goes off that's a bridge too far for him. if he goes off to hawaii and spends three weeks there, and no deal happens and the fiscal cliff hits and we've got the largest tax increase in history and the markets plummet and he's sitting over there splashing in the surf, i don't think he can do it. >> i wonder what other nations think about us? this is, you know, is it a terrible problem we are going through right now, but we look like we can't handle our own business. we can't talk to each other, we can't figure out our own economics, and i can't think what kind of morale authority do we have in the world when we look so pathetic, so pathetic in terms of how we handle things and the fact that we don't? >> the problem with t
for a potentially higher taxes at the beginning of next year. the index dropping 74.5 this month, far below november's reading of 82.7 and economists forecasts of 82.4. >> in the pits of the cme, michael tells us why dividend paying stocks are taught play regardless of next year's tax rate and charlie will share why he is bullish despite short-term volatility but let's start with phil at the cme. the dow did well today. better than expected, arguably better than expected, jobs report boosting the markets but we got consumer confidence and the fiscal cliffhanging over everything. what did you make of the markets today? >> i was disappointed we failed on that rally and shot up 1421 and sttrted to back off. the fiscal cliff is hanging on the market. as soon as you see john boehner talk for obama it doesn't matter. the market seems to come off of that news. traders have got to look out if there's a joint announcement, chances are they're close to a deal, we will see the market higher. look out for that. dave: let's get off of stocks and deal with oil. we see oil slipping a bit and you see a point at whi
't a progress report because there's no progress to report. >> tax cuts? not government spending, not irresponsible entitlements. that gets a pass. it will be tax cuts. obama's premise that this country'country'scountry's firse fraudulent and he's fixing it, and they'll be etched in stone. tax cuts. >> the president has given the republicans flexibility to come up with a credible, specific plan. what they offered in return was an empty letter. >> when it comes to fiscal cliff that's threat nick our economy and threatening jobs, the white house has wasted another week. >> tax cuts is what caused the fall of the united states from super power status. >> this president just won a big election and you would think that he would want to lead. >> we've had the election. the president was clear in the campaign that he was advocating and fighting for the middle income tax cuts. >> tax cuts. the whole premise of tax cuts is going to be blamed for all of this economic mess. >> this is a moment of truth. the clock is ticking, christmas it coming, the goose is getting fat. in many homes acros
tax cuts hostage simply because they refuse to let the tax rates go up on the wealthiest americans. >> the republicans call this a bait and switch. >> alisyn: we'll debate. >> dave: one massachusetts town rolling out the welcome mat to long islanders for christmas tree lighting after the they refused to budge on the holiday event. the p.c. please. >> should you tip your garbage collector or how about your child's teacher? we have tips for tipping or the barista at starbucks. >> dave: no! sorry, ladies and gentlemen. >> "fox & friends" begins right now. ♪ >> are you supposed to tip the teacher. >> dave: some are, some are not. >> you want to err on the side of tipping and is it too much. do you tip the garbage man or the postal employee. you leave a bunt cake outside. >> alisyn: yes, money. they want money. >> dave: we'll get into it later, but it's tough because it used to be you tip someone for extraordinary service. >> alisyn: right. >> dave: now you just tip someone please. >> alisyn: so they don't egg your house, that's why you're tipping. >> and go to ff weekend and fire it
will never cut a dime in spending. >> why would the democrats want change? if the bush tax cuts are going to expire they are saying this is great because this means the rich are going to pay more money, we are going to have more money to spend. they are already spending a the lo. they are saying why would we want change? this is great we have more money to spend. >> nancy pelosi saying why aren't we voting on middle class tax cuts? get to the other stuff. put this up for a vote: listen to nancy pelosi. we are not here to pass the middle income tax cut why are we here to not deat a time the middle income tax cut. could it be that the republicans are holding the middle income tax cuts as they have all along hostage to tax cuts for the wealthy? >> can i give another analogy? do you mind? it's just crazy, the former speaker of the houses the republicans are holding the middle class hostage. the two sides that come to the bargaining table may want to come to spending cuts on tax increases. think of it you are selling a house. you want to sell your house, the buyer comes in and you say i think
in for dave. apparently such a thing as a free lunch. 30 million dollars of your tax dollars were supposed to help kids affected by superstorm sandy. instead all of new york's kids are eating for free. >> clayton: do you think this 90-year-old statue is offensive? take a look at the screen, offensive. a man basically standing on a woman. some people's rights groups do and they're trying to get rid of it. we'll explain. "fox & friends" begins right now. ♪ >> straighten up your socks, mike. >> pulling up the socks, a long four hours. >> alisyn: and get dressed before the show? >> hoyt hoist them up. mike jerrick is in for dave. >> hi, everybody. >> clayton: and get the heisman trophy winner and dave was so jealous, he didn't get so see john am i manziel. >> and freshman. >> alisyn: a lot from women and-- >> and coming up in half an hour, the six presents you did not want to get for someone. ali is going to give you a cautionary tale. >> alisyn: and what's happening at this hour, overnight u.s. special forces operations, killing seven taliban insurgents during the rescue a kidnapped americ
the cliff. republicans might stucmble, though, into having some leverage if they end up backing the tax rate plan now and kick the rest of the can to february. one top republican governor has some stinging sarcasm for his own party's position. in the middle east the situation in syria turns from serious to scary. concerns over chemical weapons has secretary clinton conferring with her russian counterpart today to try to avoid deadly developments. >>> an nbc news exclusive, afghanistan's president hamid karzai talks about his country's future and ongoing insecurity and blames the taliban of course. guess who else? nato and the united states. good morning from washington. it's thursday, december 6th, 2012. this is "the daily rundown." i'm chuck todd. let's get right to my first reads of the morning. today's fiscal cliff photo op of the day is going to be in suburban northern virginia when the president will remind the public yet again that without a budget deal taxes will go up on 100% of americans at the end of the year. he'll visit the home of a middle class family who shared their story thr
it comes to taxes. as you all know by now house republicans sent in a fiscal cliff counter offer yesterday but the white house is calling it no good. i want to give you an idea of where the two sides stand right now. boehner's new plan would raise $2.2 trillion. now it would extend the bush tax cuts for everyone and yes that does include the top 2%. and it would instead raise $800 billion in revenue from so-called tax reform and that's what we mean when we talk about capping deductions and closing loopholes. the rest of the money comes from cuts to both mandatory and discretionary programs. now to recap again on the president's offer, he wants to raise $1.6 trillion, that's double boehner's amount on the rich an and he's asking for more than $200 billion in stimulus spending and promising about $400 billion worth of cuts to social programs. now obviously those two plans have very little in common. neither side is budging when it comes to their demands on taxes. but now here are a few problems with boehner's proposal.
as mitt romney did during the debates. they don't add up. if you don't increase the tax rates on the highest 2%, you cannot generate enough revenue for deficit reduction. unfortunately, the changes in the tax code, which is republicans want to turn to will increase taxes and cut tax deductions for the middle class americans. >> all right. joining me now, contributing editor for the daily beast. we just heard from democratic senator there. does that sound like any progress has been made? as we talk about 23 days, that doesn't take into account we are looking at december 21st. if you happen to watch that on television, it looks like both sides are hardening. the cement is getting thicker. there's a growing recognition on the republican side that they have lost the debate over the higher tax rates and that those rates will go up. and there are lots of other tax increases that aren't getting the public attention. the rate at which capital gains are taxed. the rate that is paid on dividend income. i'm stumbling over my words because i don't have a lot in that category. i think the
-side economics. why when you cut taxes, which are just like a prize, you reduce costs across the economy and allow the united states to expand its global share of the market for enterprise and wealth and that's why supply-side economics works. it's not merely by balancing the budget for overcoming diet or one of these accounting gimmicks that are often treated as conservative economics. it's opening horizons of the economy to human creativity. creativity always comes as a surprise to us. so you cannot plan it. if you plan it, you wouldn't need it. >> mr. gilder, can mitt romney used the phrase politically supply-side economics quiets >> i think he could. in all, he's surviving the vatican inspiration and that book fair was quoted more -- made me president reagan's most quoted living author. he quoted that book regularly throughout his administration. reagan didn't ounce the budget. actually during the reagan administration, there is a dollars increase in government debt overall. he was winning the cold war. but the private sector increased its assets by some $17 trillion under carter we
and the republicans that were eec lected run on limited government and less taxes. they shouldn't give in to that and the princele is wrong . the president doesn't have a plan. all it is is a political trophy to the left. we need to do what is good for america. taxing the rich is not going to help the middle class. >> brian: he has four years left on a second term. he's done more for the tea party movement. you talk about marco rubio and senator cruz in texas. >> steve: ram paul. >> brian: ram paul. i am stunned he would leave in a position of leadership and a go to guy to go to the heritage foundation. >> steve: the heritage foundation is a think tank and in the u.s. senate he is one of hundred voices and over there he will be taking over the guy. >> gretchen: money is number one. $174,000 as a senator and may not be the insentative and make over a million bucks and he said it was an honor to be asked. if could be frustration, too. look, he believed that could you wantry is facing a spending problem, okay. that's what he believes is the problem . maybe he's frustrated with the fact th
unbalanced and not serious. translation? no tax hikes on the wealthy so democrats said forget about it. we thought you should take a look. it totals $2.2 trillion in deficit reduction over ten years. the part that stood out to us was $600 billion in proposed savings in medicare reforms. how? in part by raising the age of eligibility to 65 to maybe 67. turning down the gop proposal, dan pfieffer said, quote, it provides no details on which deductions they would eliminate, which loopholes they will close or which medicare savings they would achieve." let's head now to the white house and dan lothian. the white house will not offer a counter proposal, right? what's going on here? >> reporter: well, you know, i think the white house is digging in. the president said early on in this process that he would only sit down and really move forward, negotiate on this in any meaningful way if the tax hikes for the wealthy expired. and republicans have been pushing back on that -- tax breaks rather for the wealthy expired and republicans have been pushing back on that, say they go believe that will be
a longer-term deal, the grand bargain and for once and for all, put this uncertainty about taxes and spending to rest. i think that is what it would take. i think that is what would get hiring and investment back on. melissa: we saw a dip in consumer sentiment again. do you believe people are worried about the fiscal cliff? >> they are looking out what is right in front of them. we talked about this before. this is the first crack we have seen in sentiment. in the response and half of them, half of them unsolicited said they have been hearing about higher taxes. i do think with all of the media coverage of the fiscal cliff, consumers are starting to recognize that there is something going on. i think people are more aware. i still think those people feel like something will get done at the last minute. i think they are aware that there are some risks out there. melissa: michelle, you are fantastic. thank you so much. >> thank you. take care. adam: some people think investing sometimes is too good to be true. what is the government's (in nailing steve cohen? charlie: i do not thin
to 505. and some say it's internal markets selling ahead of the big tax increase on stock profits next year and there's also the report out of china and apple is only 6th in the smart phone market over there. here is the question, is the iphone, is apple still cool? clayton morris though is cool. >> oh, yeah. >> i believe you do. >> and is it still cool? go. >> i think when you walk into the apple store it's hard to answer as a metric. when you see people waiting to get the hands on an ipad mini. but the past week, the number one requested item amongst teens this holiday season is an ipad, and you still have no other player in the mp3 space and apple is coming out with great new ipods. no one else, no one else makes mp3 players with kids. >> i'm jumping in, why is apple, the iphone, number 6 in the fastest growing and probably the biggest market in the world. that will be china, why? >> well, i think that apple isn't it rating as fast, we're seeing samsung phones coming out every week, like a new one, every week. every size, shape and color, so you've got a lot of competition in the sp
to be how to handle tax rates for wealthy americans, and also, what to do about reducing spending on entitlement programs like social security and medica medicare. >> aide between the president and the speaker of the house met and the talks basically went nowhere. according to one of the president's aide he said higher taxes of course on the wealthy. a deal must include permanent extension of the debt ceiling and source also say that indicated no willingness to go any further on limiting the growth of entitlement spending. >> bottom line. entitlement spending is 60% of the federal budget. no way to have a credible deficit reduction plan without doing some major changes to social security, medicare, and medicaid. and huh they work all that out and crunch the numbers remains to be seen. republicans have given way on some of the tax issues waiting for the democrats to give way on entitlement issues not satisfied with numbers from the white house just yet. so, this nasty tango continues. >> we have to live within our means, nice if the government could figure out how to do so as well.
're not going to move until the republicans say they're going to be for higher tax rates on the wealthy. and then say what they want in return. in terms of spending cuts for those higher tax rates. the republicans say they aren't going to come forward until the democrats say more about how they want to cut spending. right now, we're stuck. now, it could be the well that is getting poisoned right now, as positions are going to harden but with all of these negotiations they sometimes look most dire before they break. here is the other complication. the debt limit, president obama also said that he's not going to negotiate at all over the debt limit. i don't see how you can get that resolved by december 31st. >> now, could the republicans give in on the tax rates on the rich in this country if they do want to use the debt limit as leverage? >> they could. lot of republicans have said, listen, they know taxes are going to go up, but they want to know how far the president is willing to go in cutting spending, especially that entitlement spending, even social security, before they sign on to
%. >> we're looking at the potential of bringing in more than $500 million each year in new tax revenue. >> reporter: the big question still, what will the federal government do? pot is still illegal federally. today a legal toak-up revolution burning here in colorado. the only things the feds are saying at this point is that marijuana is still illegal federally. think of it this way in washington state, it will be treated like booze, basically, hard liquor. you have to be 21. you can get busted for dui, can't drink it in public, those sorts of things. all those rules are yet to be written, in a year or so you'll have pot stores all over this state. back to you. >> a number of big employers like boeing and costco ban their employees from smoking marge math. there are other companies that have to do drug testing. will this new law change anything for employers? can workers still get fired for testing positive? >> reporter: the simple answer is no, you can still get fired. you can't smoke pot and go to work. it doesn't change anything with regard to employers who have those rules in place
was hiding out among the pakistan border. he. >> this morning the battle over taxes continues in the capitol. >> and if we are serious about protecting middle class families we will have to ask the wealthiest to pay higher rates. that's one principle i won't compromise on. >> he said he will work with the gop on spending cut itself they agree to higher taxes on the wealthly and a middle class tax cut. this is the 4th time that he has used the weekly address to push for a middle class tax cut. >> we must reform the tax code by getting rid of unjustified loopholes but the goal should be to generate new revenue by creating new taxpayers not new taxes. >> in the republican response they commented that race raising taxes among the rich won't solve the problem. only economic growth and reforming titlement programs can control the debt. >> charlie chris is now a democrat. he made the announcement on twitter. he posted a photograph where he was holding a florida voter registration application. the times reports that the former republican signed papers to change his party to democrat at a christ
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, and madison, wisconsin. that's because what happens in our state legislatures directly affects our taxes, schools, roads, the quality of our air and water, even our right to vote. poticians and lobbyists at the core of this clever enterprise figured out how to pull it off in an organized, camouflaged way, covering their tracks while they put one over on an unsuspecting public. this is the story of how and why it worked. our report was many months in the making. it's a collaboration between tom casciato and kathleen hughes, the filmmakers at okapi productions, and the schumann media center that i head. schumann supports independent journalism and public watchdog groups like the center for media and democracy, whose investigators have been tracking the footprints of alec, an organization hiding in plain sight, yet one of the most influential and powerful in american politics. ♪ ♪ >> i've often told people that i talk to out on the campaign trail when they say "state what?" when i say i'm running for the state legislature. i tell them that the decisions that are made here in the legisla
today about taxes. he said the obama administration will refuse any deal that keeps tax cuts in place for wealthy americans. republicans are meeting that idea with stiff resistance. >> reporter: with the clock ticking and the fiscal cliff looping closure he says the white house will only agree to a plan that includes higher tax rates. >> if they are going to force higher rates on all americans because they are unwilling for 2% of the americans, that is a choice they have to make. >> reporter: calling for $1.6 trillion in tax revenue. he insists the tax cuts must expire for the wealthiest americans. >> what we did is put forward a very carefully designed mix of tax reforms to put us on a path to fixing the debt. >> reporter: republicans did not welcome the proposal. >> i was disappointed by the president's proposal. i think it is a rerun of his budget patrol. it is $1.6 trillion. >> reporter: and expressing frustration with the lack of progress. >> i would say we are nowhere. >> reporter: he disagrees, pointing out the administration offered $600 billion in cuts to healthcare and other
in line with the president's demands to raise taxes on the rich. the g.o.p. is pointing fingers, too. you don't have to look too hard in washington these days to see the fiscal cliff theater. >> nobody wants to get this done more than me. >> our goal is to make sure it gets solved. >> the president is ready, willing and able, waiting to be able to sit down and seriously negotiate this. but they have to be willing to come to the table with specifics. >> the next 72 hours are critical. if he sits back and continues to play politics, that will give your answer where we're going. >> some lawmakers are actually going back home to their districts. congress has little scheduled business for the rest of the week. house speaker john boehner is saying that's not going to stop negotiations though. in the meantime pentagon officials say the white house has ordered the military to start planning for the possibility of cutting $500 billion from its budget over the next decade in case no fiscal cliff deal is scheduled. the military had been told for months not to get ready for these budget cuts. in the
and increase taxes. yes, that's the actual compromise radical middle position as dave cote from honeywell says, and those who simply refuse to accept tax increases or entitlement cuts. given that the president's saying he campaigned and won on a platform of higher taxes for the wealthy and the republicans say they were elected because they pledged to behind the scenes power broker grover norquist they would never raise taxes, it certainly seems like the impasse cannot be solved and we got to go over the cliff. not only do the hard liners refuse to rise above partisanship in order to avoid a government mandated recession, which is what it's tantamount to doing, but we can't even get them to promise no vacation without legislation! >> boo! >> they not only seem mean-spirited, petty, reckless, and angry down there in washington, they're also slothful. have you ever been able to say to your boss, walk in, you know, hey, man i know i've got a huge project due, one that could bring down the whole company if i don't finish, but darn it all, hey, see you later, sport, i'm taking a vacation. i'm out of
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